Watch List notes:

FRANCE, Royal. Louis XVI. 1774–1793. Æ Medal (55mm, 69.46 g, 12h). Establishment of the Royal Guild of Clockmakers. By Duvivier. Dated 26 December 1786. LE TEMPS A PRIS UN CORPS ET MARCHE SOUS NOS YEUX, Father Time advancing right, holding scythe, atop portion of a clock reading XI XII I / MANUFACTURE/ ROYALE/ D'HORLOGERIE/ ÉTABLIE A PARIS/ PAR ARREST DU CONSEIL/ DU XXVI DECEMBRE MDCCLXXXVI/ M DE CALONNE/ ÉTANT/ CONTROLEUR GENERAL/ DES FINANCES. Brown surfaces, some spotting. EF.

From the J. Eric Engstrom Collection.